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China will speedup the issuance of local government debt in the second half of the year, but the overall risks are under control, government officials and industry experts said.

China will maintain the stability and consistency of its macroeconomic policy next year and continue with a proactive fiscal policy and prudent monetary policy to stabilize market expectations, Premier Li Keqiang said on Thursday.

China's banking regulator has instructed banks to control credit growth to the country's booming real estate sector, intensifying caution against an over-heated market.

China would like to strengthen alignment of the Belt and Road Initiative with the Eurasian Economic Union, said Premier Li Keqiang when meeting with the visiting Russian President Vladimir Putin in Beijing on Friday.

China will soon issue licenses for the commercialization of 5G. [Photo/IC]